Judgement

The HC holds that cooperative societies generally face difficulty in filing returns timely because of the belated approval of statutory audits and the absence of an adequate mechanism.

High Court Grants Section 80P Exemption despite Belated ITR Filing

The ITAT deletes addition holding cash deposits during demonetisation explained by books and agricultural income.

ITAT: No Section 69 Addition Where Cash Deposits Backed by Agricultural Income

ITAT Ahmedabad dismissed the assessee’s appeal, upholding the disallowance of Rs 14.83 lakh on excessive remuneration due to lack of justification and supporting evidence.

ITAT Upholds Disallowance on Excessive Remuneration paid to partner as no extraordinary work was done by him

The Madras High Court quashed income tax prosecution against Gautham Vasudev Menon, noting he was not a director of the company during the relevant assessment period.

Madras High Court Drops Proceedings Against Film Producer Gautham Vasudev Menon

Articles

Form 121 is a unified declaration under the Income Tax Act 2025 that allows taxpayers to prevent TDS deduction by confirming they have no taxable income.

Form 121 Explained: A Simpler Way to Avoid TDS Under New Income Tax Act 2025

News

The Government of India has introduced some key changes in Form ITR-1, from AY 2026-27, allowing two house properties and limited capital gains for simpler tax filing.

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High Court Grants Section 80P Exemption despite Belated ITR Filing

ITAT: No Section 69 Addition Where Cash Deposits Backed by Agricultural Income

ITAT Upholds Disallowance on Excessive Remuneration paid to partner as no extraordinary work was done by him

Madras High Court Drops Proceedings Against Film Producer Gautham Vasudev Menon

Form 121 Explained: A Simpler Way to Avoid TDS Under New Income Tax Act 2025

ITR-1 (Sahaj) Gets a Simpler Makeover: Big Relief for Small Taxpayers in AY 2026-27